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Asset turnover calculations: A) are made by dividing the average asset balance during the year by the sales for the year.

Asset turnover calculations:
A) are made by dividing the average asset balance during the year by the sales for the year.
B) are made by dividing sales for the year by the asset balance at the end of the year.
C) communicate information about how promptly the entity pays its bills.
D) should be evaluated by observing the turnover trend over a period of time.

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